Witch (WITCH) is a new metaverse-based cryptocurrency. With goals to bring real-world experiences into the metaverse this token is trying to get involved with the growing market that is augmented reality blockchain technology. In this quick and easy guide, we’re going to be discussing a little about this coin, its background, and where you can get your hands on it.
What is Witch?
Witch Token (WITCH) is a new addition to the crypto metaverse space. Referred to as the Witch-Verse this project certainly appears to have a big goal claiming to be a ‘transcendental experience’ but with the blockchain technology. Bringing NTFS to augmented social reality mapping, it appears as though the Witch-Verse is trying to lay claim to a chunk of the metaverse market polarized by Metaverse and Cyrptoland.
While NFTs have been waning in popularity in the last few months and parts of the metaverse are still awaiting widespread adaptation it nonetheless appears as though WITCH is poised to take a chunk out of this emerging market. Launched in 2020 this project is geared at creating an NFT marketplace, multi-chain operations, and NFT-based games.
On a technological level, the WITCH token operates off the ERC-20 standard and is chaired by CEO Minjoon Lee and CTO JeongBeom Kim.
Step 1: Register on Fiat-to-Crypto Exchange
To begin, you’ll need to get another cryptocurrency, which you’ll then swap for WITCH. The two most popular currencies to start with are Bitcoin (BTC) and Ethereum (ETH), however, we’ll use Ethereum in our example.
You must first register with a Fiat-to-Crypto Exchange to acquire ETH. When it comes to picking a crypto exchange, you have a lot of possibilities, and each one is a little different, so it’s a good idea to look around. However, as an example, we’ll utilize CryptoWallet.
Simply sign up to CryptoWallet and deposit fiat by card or wire transfer to begin.
Step 2: Buy ETH with Fiat Money
Now that you have some of your own ETH in your CryptoWallet account, you may exchange it for cash.
Go to the CryptoWallet app’s trading page and seek ETH. Then, after deciding how much you want to spend, click “Buy.” CryptoWallet features various price comparison charts, market data statistics, and trading tools to assist you in making the best financial decisions.
After your ETH purchase is done, there will be a brief confirmation period before the quantity of ETH purchased, as well as any remaining funds, are displayed in your CryptoWallet account.
Step 3: Transfer ETH to an Altcoin Exchange
Once you’ve got your own ETH, your next step is going to be to trade that ETH for some WITCH. To do this you’re going to need to sign up for an altcoin crypto exchange.
There is a huge range of cryptocurrency exchanges available online, so one must be cautious while choosing one that best matches their needs. One of the first things to check for in an altcoin exchange is whether or not it supports the trading pair in question, in this example, ETH/WITCH.
In the case of WITCH, you have a few different choices such as MEXC, BTCEX, Coinbase, and Uniswap. In our case, we are going to be using Uniswap.
Once on Uniswap, you’re going to have to follow a quick signup process. This will include private information and KYC practice. Additionally, it is a good idea to go through the Witch official website to navigate directly to Uniswap and select the trading pair ETH/WITCH.
Once you’ve completed these steps, Uniswap will notify you when your account is ready to trade. Then, using your CryptoWallet account, send some ETH to your new Uniswap account. On the Uniswap “funds” page, select “deposit money” from the drop-down menu. You will then be given a wallet address or a QR code from Uniswap. After that, select funds from your CryptoWallet account. Scan/enter the Uniswap address and the amount you wish to send to your CryptoWallet now.
Your ETH will appear on your Uniswap account after a brief confirmation period, and you may swap it for Witch. From the Uniswap trading menu, choose the ETH/Witch trading pair and the amount you want to trade.
After you have completed all of these steps you will then be the proud owner of your very own WITCH.
Last Step: Store Witch Securely
After you’ve got your very own WITCH token it’s a good idea to start thinking about where you might want to store it. For this, you’re going to need your wallet.
In the case of WITCH, you have a few popular choices to choose from such as TrustWallet, MetaMask, and Binance Smart Chain.
After you’ve found a wallet you prefer, go to Uniswap’s ‘withdraw money’ option and input or scan your Witch code into your new wallet’s address field. Within a short minute, your Witch will be safely stored in your new wallet.
Keeping an eye on the CryptoWallet app in the future could be a good idea. While it lacks Witch at the moment, it is secure, clear, and simple to use, and it has a roadmap for additional currencies in the pipeline.
Other Useful Tools for Trading Witch
We can’t provide you with trading or financial advice, but we can give you a quick rundown of some of the tools available on most exchanges that, when utilized properly, may help you make the best financial decisions with your assets.
The On-Balance-Volume (OBV) indicator is a handy, simple tool that shows both positive and negative volume movement, as well as the trend’s value direction.
The Average Directional Index (ADI) is a straightforward, useful indicator that tells traders how strong a supply or demand trend is. The asset’s movement intensity may assist you in determining how frequently long motions occur.
The Stochastic Oscillator is a tool used by traders to track the price of an asset over time and in connection to a particular event.
Latest News for Witch
In this part of the guide, we will briefly talk about some of the most recent news and buzz about the cryptocurrency WITCH.
On April 18th Witch celebrated its partnership with Hyundai vai an airdrop. With various NFT giveaways and announcements, this event highlights Witch’s movement into new markets.
On April 28th Witch announced a competition within its metaverse. This event called MrRoom was held to commemorate the opening of Witch’s metaverse platform.
Can I buy WITCH with cash?
Generally speaking, altcoins cannot be purchased directly with cash or fiat funds, and WITCH is no exception. Instead have a look at the above guide on how to purchase WITCH, which will show you how to register to an altcoin exchange and get your very own WITCH.